Commercial Investment Real Estate is the magazine of the CCIM Institute, the leading provider of commercial real estate education. CIRE covers market trends, current developments, and business strategies within the commercial real estate field.
Issue link: http://cire.epubxp.com/i/143044
DE AL MAKERS The Biggest Deal Dan Bellow, CCIM, of Jones Lang LaSalle in Houston and fve partners represented Hines U.S. Investment REIT in the $412 million sale of Williams Tower, a 1.4 million-sf ofce property in Houston, to Invesco Real Estate. Multifamily Big Deal ¶Robert G. Lowe, CCIM, of Sherwood Realty Group in Brantford, Ontario, negotiated the more than $46.8 million sale of a 3-building multifamily portfolio totaling 404 units in the Toronto area from Mainstreet Equity Corp. to Centurion Apartment REIT. Lowe also sold a 75-unit multifamily property in Mississauga, Ontario, for more than $9.6 million from a local owner to a Toronto investor. Ashley Bishop, CCIM, of Southeast Venture LLC in Nashville, Tenn., and a partner represented Viera Holdings LLC in the $44 million purchase of the 468-unit Viera Cool Springs property in Franklin, Tenn., from Covenant Capital. ¶Thomas McConnell, CCIM, of Marcus & Millichap in Elmwood Park, N.J., and a partner negotiated the more than $7.1 million sale of the 96-unit Whalepond Village in Ocean Township, N.J., from K. Hovnanian to Ocean Township. 46 July | August | 2013 Handoko Widjaja Chen, CCIM, of Lee & Associates Investment Services Group in Los Angeles negotiated the $9.5 million sale of a multifamily portfolio totaling 102 units in North Hills, Calif., between two private investors. Drew R. Bobincheck, CCIM, of Landmark Commercial Realty in Lemoyne, Pa., and a partner negotiated the $4.6 million sale of the 102-unit Lakeview Apartments in South Williamsport, Pa., from J&R; Realty Co. to Lakeview Apartments of Williamsport LP. ´Davide F. Pio, CCIM, of BCRE in Pinole, Calif., represented an undisclosed buyer in the more than $3.3 million purchase of a 27-unit multifamily property in Oakland, Calif., from an undisclosed seller. Industrial Big Deal Laurie Ann Drinkwater, CCIM, of Marcus & Millichap in New Haven, Conn., and a partner represented a private investor in the $32.2 million purchase of a 224,061-sf FedEx distribution facility in South Windsor, Conn., from SunCap Property Group. Ben Chaisson, CCIM, of Newmark Knight Frank Devencore Atlantic in Halifax, Nova Scotia, represented First Mutual Properties in the $20.5 million sale of a 169,474-sf industrial property in Moncton, New Brunswick, to Summit Industrial Income REIT. ¶Kevin Dalrymple, CCIM, and Amy C. Silvey, CCIM, of Clay & Co. in Houston and a partner negotiated the more than $12.1 million purchase of 3 triple-netleased industrial properties in Brazoria, Harris, and Fort Bend counties in Texas, totaling 136,286 sf from Speer-Schroeder Partners LP to Crescent/Flowserve Partners LP and Clay-McHard Road Partners LP. James Snyder, CCIM, of Lee & Associates in Newport Beach, Calif., and a partner represented James Collins, Lorie Collins, and Russell Fluter in the more than $7.4 million sale of a 62,000sf industrial property in Costa Mesa, Calif., to Hirt Properties LLC. ´A. Scott Henry, CCIM, of Mohr Capital in Dallas negotiated the 10-year, $6 million lease of a 205,000-sf industrial property in Little Rock, Ark., from an undisclosed lessor to Leisure Arts. John Powell Lowe, CCIM, and Joseph Michael Augustine Jr., CCIM, of Chas. Hawkins Co./Corfac International in Nashville, Tenn., represented Industrial Realty Partners in the $5.5 million sale of a 222,274-sf industrial property in Portland, Tenn., to North American Stamping Group. Jon R. Reno, CCIM, of Heger Industrial in Los Angeles represented Philipson Business Properties LTD in the more than $4.5 million purchase of a 22,000-sf industrial property in Reno, Nev., from Panattoni Development. Floyd Rowley, CCIM, of Johnson Group in Reno represented the seller. ´Wayne D'Amico, CCIM, of Re/Max Right Choice Commercial & Investment Division in Trumbull, Conn., and associates represented a partnership of Dunkin' Donut franchisees in the sale/leaseback of a 23,300sf Dunkin' Donuts bakery in Cheshire, Conn., for more than $3.4 million to 21 Diana Court LLC of Trumbull, Conn. Retail Big Deal Greg McDonald, CCIM, of The Weitzman Group in Dallas and a partner represented Marque Enterprises LLC in the Commercial Investment Real Estate